The major county in America where home prices just dropped the most is …

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more

House Prices Fall as Rate Hikes Push Buyers to Sidelines

House Prices Fall as Rate Hikes Push Buyers to Sidelines

Signs are mounting that home prices have peaked, as soaring mortgage rates have deterred buyers, forcing sellers to lower their expectations. For example, the S&P CoreLogic Case-Shiller Home Price Index dipped 0.3% in July from June, the largest monthly decline since November 2014. And now Realtor.com has reported that 19.5% of home listings cut their … Read more

Apprentices put their skills to the test

Apprentices put their skills to the test

Brendan Rees | September 28th, 2022 Twenty-one automotive apprentices at the Bendigo Kangan Institute’s Docklands campus have battled it out in the hope of claiming a spot in the coveted WorldSkills Australia competition. Competing individually, the competition is designed to test their technical and professional skills under pressure, just like they would repair a vehicle … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

Toronto real estate bungalow sells for $655k after 29 days

Toronto real estate bungalow sells for 5k after 29 days

#GTAHomeHunt is a weekly series from the Star that gets into the details of real estate listings in Toronto and the Greater Toronto Area. Have a tip? Email us at [email protected] Sold price: $655,000 Neighborhood: kennedy park X-factor: Nestled into Scarborough’s Kennedy Park neighborhood is the one-bedroom-plus-den, two-bathroom home at 30 Commonwealth Ave. The bungalow … Read more

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as … Read more

Why Are Companies Still Hiring When GDP Is Shrinking?

Why Are Companies Still Hiring When GDP Is Shrinking?

By Sarah Chaney Cambon Sept. 29, 2022 11:06 a.m. ET Listen to articles (2 minutes) A persistent economic puzzle is why labor is still so tight amid slowing growth, high inflation and growing fears of recession. Gross domestic product growth slipped into negative territory in the first half of the year. Borrowing costs have risen … Read more

Mortgage rates march toward 7%, reaching highest level since 2007

Mortgage rates march toward 7%, reaching highest level since 2007

The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to data released by Freddie Mac FMCC, -2.71% on Thursday. Mortgage rates are rising as the Federal Reserve pushes up key interest rates to fight the … Read more